How’s The Market?

Steamboat had a hot summer! In Q3 of 2017, 13 singlefamily downtown homes sold for $9.25M in total sales, averaging $384/sf and 88 DOM (days on market). In the mountain area, 19 single-family homes sold for $19.35M in total sales, averaging $333/sf and 252 DOM. There are currently nine single-family downtown homes for sale and more than half have been on the market for a year or more. With such little inventory, why do they sit while others see multiple offers per day?

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